MIPIM | Tatton targets summer for Park Gate Village funding
Henry Brooks’ Tatton Group is planning to expand into housing development, and is using the international property conference to launch its Tatton Park Gate Village in Knutsford to the market, seeking a joint venture equity partner to fund the construction of up to 250 homes.
Tatton Group has appointed Arcadis as development advisor and Clyde & Co as solicitor, which alongside the company’s in-house planning function means it believes it now has the expertise to act as developer for the site.
The 30-acre plot sits between Knutsford and Tatton Park, and was granted outline planning permission three years ago for 250 homes, but without a cap and with potential for a larger number of smaller PRS or retirement living units alongside homes for market sale.
Work on two detailed applications is underway and are expected to be submitted this summer.
The village could also be self-sufficient with its own energy hub, providing utilities and IT solutions direct to occupiers.
Henry Brooks, managing director of the Tatton Group, said: “The Tatton Group is looking to create a permanent income stream from the development, so ‘long-term, clever capital’ which also shares our vision for Knutsford and our passion for the Northern Powerhouse would be an ideal partner.”
Giles Scott, director, Arcadis, added: “The process of finding an equity partner will start immediately here at MIPIM and we plan to have a full Information Memorandum for interested parties by the end of April. Ideally we will have a partner in place before the summer so we can take the scheme quickly into the delivery phase.”
The Tatton Group is part of the Cheshire and Warrington delegation attending MIPIM, led by the Local Enterprise Partnership, alongside Cheshire West & Chester Council, Cheshire East Council and Warrington Borough Council, and 30 private sector partners.